“These arbitration proceedings have certainly developed their own history at this point,” explains Dougherty in the OnWallStreet article. “Stifel thinks that the arbitration panels are pretty clear as to how they feel [with regard] to the merits of these cases.”

Two cases filed by Wells Fargo are still pending, as a third case filed last year in Indiana that arose after stifle filed its own claim. The rest have been dropped or denied by arbitration panels, Dougherty told Investment News.